Tuesday, August 26, 2008

Business News

Business News

TCS gets Singapore Airlines Cargo contract

Posted: 26 Aug 2008 03:03 AM CDT

MUMBAI (Reuters) - Tata Consultancy Services Ltd, India's top software exporter, said on Tuesday it had received a multi-million dollar contract from Singapore Airlines Cargo for a five-year period.

BHEL gets $32 million UAE contract

Posted: 26 Aug 2008 02:58 AM CDT

MUMBAI (Reuters) - State-run power equipment maker Bharat Heavy Electricals Ltd said on Tuesday it had won a contract for two gas turbine generating units worth 1.4 billion rupees ($32 million) from the United Arab Emirates.

Oil near $115 as dollar weighs, hurricane supports

Posted: 26 Aug 2008 02:56 AM CDT

TOKYO (Reuters) - Oil hovered around $115 a barrel on Tuesday as the dollar strengthened, but losses were limited as tropical storm Gustav in the Caribbean turned into a hurricane, stoking concerns over output disruptions in the Gulf of Mexico.

GLOBAL MARKETS - World stocks hits lowest in almost 2 yrs

Posted: 26 Aug 2008 02:46 AM CDT

LONDON (Reuters) - World stocks fell to their lowest in almost two years on Tuesday as fresh concerns about the financial sector and growth outlook prompted investors to dump risky assets.

Axon Group H1 adjusted operating profit up 23 pct

Posted: 26 Aug 2008 02:29 AM CDT

Aug 26 - British consultancy Axon Group Plc on Tuesday reported a 23 percent rise in first-half adjusted operating profit on increased sales and said it sees the strong performance continuing into the second half.

Indian steel cos push for iron ore export tax hike

Posted: 26 Aug 2008 02:24 AM CDT

NEW DELHI (Reuters) - Indian steel firms have asked the government to increase an export duty on iron ore to 35 percent from 15 percent to slow exports and ensure supplies in the domestic market, an industry official said on Tuesday.
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